Search Results offset'123




The FV_TC_OFFSETS table in Oracle E-Business Suite (EBS) versions 12.1.1 and 12.2.2 is a critical data structure within the Financials module, specifically related to the Tax Compliance (TC) functionality. This table stores offset entries generated during the tax calculation and reporting process, ensuring accurate tax liability management and compliance with regional tax regulations. Below is a detailed technical summary of its purpose, structure, and integration within Oracle EBS.

Purpose and Functional Overview

The FV_TC_OFFSETS table is primarily used to track tax offset entries, which are adjustments made to tax liabilities or receivables to ensure accurate tax reporting. These offsets arise during processes such as tax reclaims, corrections, or adjustments where tax amounts need to be balanced across different accounts or periods. The table ensures that tax-related transactions are properly recorded, audited, and reconciled, supporting compliance with tax authorities' requirements.

Key Columns and Data Structure

The table includes columns that capture essential details about offset entries, such as:

  • OFFSET_ID: A unique identifier for each offset entry.
  • TAX_REGIME_CODE: The tax regime under which the offset is applied.
  • TAX_JURISDICTION_CODE: The jurisdiction associated with the offset.
  • TAX_TYPE_CODE: The type of tax (e.g., VAT, GST) being offset.
  • OFFSET_AMOUNT: The monetary value of the offset.
  • OFFSET_DATE: The date when the offset was applied.
  • GL_DATE: The General Ledger date for accounting purposes.
  • STATUS: The status of the offset (e.g., "Pending," "Processed," "Reversed").
  • CREATED_BY and CREATION_DATE: Audit columns tracking who created the entry and when.
These columns ensure traceability and compliance with accounting standards.

Integration with Oracle EBS Modules

The FV_TC_OFFSETS table interacts with several Oracle EBS modules, including:

  • General Ledger (GL): Offsets are posted to the GL to reflect adjustments in tax liabilities or receivables.
  • Accounts Payable (AP) and Accounts Receivable (AR): Offsets may originate from AP/AR transactions where tax corrections are required.
  • Tax Engine: The table is populated during tax calculation processes managed by Oracle's Tax Engine.
This integration ensures end-to-end tax compliance and financial accuracy.

Technical Considerations

In Oracle EBS 12.1.1 and 12.2.2, the FV_TC_OFFSETS table is part of the underlying schema supporting the Tax Compliance features. Key technical aspects include:

  • Indexing: The table is typically indexed on OFFSET_ID, TAX_REGIME_CODE, and STATUS to optimize query performance.
  • Partitioning: In large implementations, the table may be partitioned by date ranges to improve manageability.
  • Audit Triggers: Triggers may be implemented to log changes for compliance purposes.

Conclusion

The FV_TC_OFFSETS table is a foundational component of Oracle EBS's tax compliance framework, ensuring accurate tracking and reporting of tax offsets. Its structured design and integration with core financial modules make it indispensable for organizations managing complex tax obligations. Proper configuration and maintenance of this table are essential for seamless tax operations and regulatory adherence in Oracle EBS 12.1.1 and 12.2.2 environments.